After months of review, the U.S. Department of Education on Wednesday approved the proposed $1.14 billion sale of Apollo Education Group, which owns the University of Phoenix, to a group of three private equity firms.
But the approval of the deal comes with a number of strict conditions.
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2016/12/08/education-department-approves-apollo-deal-conditions
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